$80K Bitcoin Put Tops Options Market as Traders Turn Bearish
The BTC options market has shifted further into bearish territory, with the $80,000 put now the most popular contract on Deribit. Open interest for the $80K put stands at just over $2 billion, edging past the $85,000 put at $1.97 billion. Meanwhile, the $140,000 call has slipped to $1.56 billion in open interest.
This contract reflects a bet that bitcoin’s spot price will fall below $80,000. In options markets, put buyers are generally bearish, anticipating price declines, while call buyers signal bullish expectations.
